Sovereign Metals (LON:SVML) Trading Up 2.4% - Here's Why

Key Points

• Sovereign Metals Limited shares increased by 2.4% during trading on Wednesday, reaching GBX 34 ($0.46) and exceeding the average daily trading volume by 61%.
• The company has a market capitalization of £219.96 million and financial metrics include a P/E ratio of -634.33 and a beta of 0.94.
• Sovereign Metals is primarily engaged in the exploration and development of mineral resources in Malawi, notably its flagship Kasiya rutile deposit.

Sovereign Metals Limited (LON:SVML - ) was up 2.4% during trading on Wednesday . The company traded as high as GBX 34 ($0.46) and last traded at GBX 34 ($0.46). Approximately 318,891 shares traded hands during trading, an increase of 61% from the average daily volume of 198,214 shares. The stock had previously closed at GBX 33.20 ($0.45).

Sovereign Metals Stock Performance

The firm has a market capitalization of £219.96 million, a P/E ratio of -634.33 and a beta of 0.94. The stock has a 50-day moving average of GBX 35.40 and a 200 day moving average of GBX 36.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 9.86 and a current ratio of 7.67.

Sovereign Metals Company Profile

Sovereign Metals Limited, together with its subsidiaries, engages in the exploration, development, and appraisal of mineral resource projects in Malawi. Its flagship project is the Kasiya rutile deposit in Malawi. Sovereign Metals Limited was incorporated in 2006 and is headquartered in Perth, Australia.

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